During the Annual Ordinary General Meeting of the company?s shareholders, which was held on May 16, 2006 at 13:00, at the hotel ?GRAND BRETAGNE?, Syntagma Square, Athens, following the relevant permission No. Κ2-5495/11.04.06 of the Ministry of Development regarding the realization of the meeting outside the company?s registered offices, 61 shareholders representing 28,970,183 shares, i.e. approximately 55.76% of the paid in share capital, attended the meeting during which decisions were taken on all items listed in the agenda by means of lawful voting:
1. By means of 28,895,183 (i.e. 55,62%) votes from 60 shareholders in favor and 75,000 votes (i.e. 0.14%) from one shareholder against, the Individual and Consolidated Financial Statements of the company year 1/1/2005 - 31/12/2005 as well as the relevant reports of the Board of Directors and the Certified Auditors were approved.
2. By means of 28,895,183 (i.e. 55,62%) votes from 60 shareholders in favor and 75,000 votes (i.e. 0.14%) from one shareholder against, the payment of a dividend amounting to ? 0.30 per share which comes from the earnings of the 2005 fiscal year was approved. The dividend?s cut off will be made on 18/05/2006 and its payment will commence from 26/05/2006 in accordance with article 329 of ASE?s Regulation.
3. Following voting of the Balance Sheet, the General Meeting - by means of 28,895,183 (i.e. 55,62%) votes from 60 shareholders in favor and 75,000 votes (i.e. 0.14%) from one shareholder against ? relieved the Board of Directors and auditors from any liability of compensation of the actions taken and of the management in general for the company year 1/1/2005 - 31/12/2005.
4. Afterwards, there was a unanimous vote for the election of Mr. Deliyannis George, son of Nicolaos (ICAA (GR) No. 15791) from the auditing organization GRANT THORNTON S.A. as the ordinary certified auditor and of Mr. Vassileios Kazas, of Konstantinos (ICAA (GR) No. 13281) from the same auditing organization as his substitute; their fees were also approved.
5. Similarly, the election of Mr. Zotos, registered civil engineer, graduate from NTUA, as a BoD member replacing Mr. Evangelos Mytilineos was also unanimously voted.
6. By means of 28,895,183 (i.e. 55,62%) votes from 60 shareholders in favor and 75,000 votes (i.e. 0.14%) from one shareholder against, the remunerations in line with article 24, Law 2190/1920 paid to the BoD members for the year 2005 were approved; the remunerations for the current year until the next GM were also pre-approved.
7. Due to the fact that there was no minimum quorum as specified by law, the discussion and decision taking on the appropriation or distribution of shares to the Company?s staff or/ and on the approval of a programme for the provision of options for the purchase of the company's shares, in line with the relevant provisions of articles 13 and 16 of Codified Law 2190/1920 in conjunction with the Presidential Decree 30/1988, was postponed and will be decided during a repetitive General Meeting which will be convened by the Board of Directors and will be held within 20 days.
8. Finally, the Chairman of the BoD explained in detail to the shareholders all issues regarding the successful progress of the company, its success in the execution of projects, and its profitable growth which is expected to be continued in all sectors of its activities during the current accounting year as well.